 | Home > Off Topic > Diesel at £1.05 litre |
 
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| gilarion Member Since: 05 Dec 2013 Location: Wales Posts: 5109   
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Filled up today at Sainsbury's at £1.05 litre last time I filled the tank it was £1.39, Also usually there are about twenty cars in line at the pumps today only 1
Reading a report from the AA today who say fuel will probably drop below the £1.00 a litre mark over the next few weeks if the lockdown persists For those who like Welsh Mountains and narrow boats have a look at my videos and photos at.. http://www.youtube.com/user/conwy1 |
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10th Apr 2020 2:31pm |
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| 90 Dreamer Member Since: 13 Jul 2019 Location: Oop North Posts: 2142  
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Its not really the lockdown but the fact that Russi decided to try and take on Saudi ovver supply at which point the Saudi's just slaughtered the price as they have the cheapest / largest supply I believe
Started before any lockdown |
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10th Apr 2020 3:24pm |
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| MaxRPM Member Since: 15 Jan 2013 Location: South Staffs Posts: 1114 
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They've all agreed to cut oil production by 10% to try and stabilise the price, so it may not drop much more.
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10th Apr 2020 3:43pm |
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| Tim in Scotland Member Since: 23 May 2007 Location: The Land that time forgot Posts: 3753 
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It will soon be like the Middle East with fuel cheaper than bottled water.... Pangea Green D250 90 HSE with Air Suspension, Off-road Pack, Towing Pack, Black Contrast roof , rear recovery eyes, Front bash plate, Classic flaps all round, extended wheel arch kit and a few bits from PowerfulUK Expel Clear Gloss PPF to come
2020 D240 1st Edition in Pangea Green with Acorn interior. Now gone - old faithful, no mechanical issues whatsoever ever but the leaks and rattles all over the place won’t be missed! |
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10th Apr 2020 6:13pm |
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| 90 Dreamer Member Since: 13 Jul 2019 Location: Oop North Posts: 2142
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Its already cheaper than toilet roll.........
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10th Apr 2020 6:26pm |
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| Sulisuli Member Since: 30 Oct 2016 Location: South west Posts: 4795
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Dust off those Jerry cans
 2015 HT XS 90
2008 SVX 90 2000 XS TD5 90 |
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10th Apr 2020 6:26pm |
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| RobKeay Member Since: 19 Jul 2009 Location: Stafford Posts: 1579 
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We are at 103.3 at texaco so don’t even need to use awful supermarket fuel
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10th Apr 2020 6:29pm |
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| custom90 Member Since: 21 Jan 2010 Location: South West, England. Posts: 20299
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It will no doubt go up, but I doubt as high as it was for a long time.
Hopefully, it might stay down more like the US in the long run, then you'll see the economy boom. ⭐️⭐️God Bless the USA 🇬🇧🇺🇸 ⭐️⭐️ |
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10th Apr 2020 6:33pm |
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| 90 Dreamer Member Since: 13 Jul 2019 Location: Oop North Posts: 2142
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Never be that cheap due to the fuel tax......
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10th Apr 2020 6:35pm |
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| custom90 Member Since: 21 Jan 2010 Location: South West, England. Posts: 20299
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More to the pity sadly. Around this way they shelved the stupid diesel car charging stuff so needs must currently.
All efforts must be put into business and getting the economy ship shape asap when possible. Diesels aren't luxuries, they're nessecities and for most workhorses that are needed. A good thing, in difficult times. Cheaper diesel isn't any use to me at the moment anyway, and it doesn't keep so only useful to key workers but that's still a good thing. How long can you store it in good condition? ⭐️⭐️God Bless the USA 🇬🇧🇺🇸 ⭐️⭐️ |
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10th Apr 2020 7:10pm |
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| Siwynne Member Since: 04 Nov 2016 Location: West lancs Posts: 578
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Apparently it’s the Russians who have dropped the price. They walked out of a meeting with opec and slashed it to $20 a barrel. They have put away $150 billlion to do this as they can only produce it for $40 a barrel and the Saudis $60 a barrel. Something to do with Syria And future power apparently.
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10th Apr 2020 7:16pm |
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| Tim in Scotland Member Since: 23 May 2007 Location: The Land that time forgot Posts: 3753
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For many years Russia has been selling oil below the price of otheR producers because they don’t need the high price they need the hard currency as it has to be paid for in US$ - on the ship we used to go in ballast from Bremerhaven to St Petersburg and back purely to buy cheap fuel, Maersk’s ships on the Med Trades used to go up into the Black Sea just to bunker and on the China /Japan/Korea services they used to go up to Vladivostok because the fuel was so cheap. It paid off when you are bunkering 12,000 tonnes at a time per containership.
Recently a lot of the bigger container ships have been stuck in China where they were having exhaust gas scrubbers fitted to comply with the Jan 1st 2020 MARPOL rules - stuck because first there was Chinese New Year which is a mega “bank holiday” in Asia and then while labour was travelling they had their lockdown and travel was stopped so work in the ship yards all ground to a halt. Now that the price of oil has fallen so far and even 0.1 and 0.05% Sulpher content oil prices are very low now those ships are not using higher sulpher content fuel, they are burning the previously very expensive 0.1% as day to day fuel and bypassing the scrubbers that increase fuel consumption when in use! So....... th remaining sulphuric acid goes up the funnel into the atmosphere instead of through the scrubber and out over the ship’s side into the ocean to kill the fishes instead of humans! Pangea Green D250 90 HSE with Air Suspension, Off-road Pack, Towing Pack, Black Contrast roof , rear recovery eyes, Front bash plate, Classic flaps all round, extended wheel arch kit and a few bits from PowerfulUK Expel Clear Gloss PPF to come 2020 D240 1st Edition in Pangea Green with Acorn interior. Now gone - old faithful, no mechanical issues whatsoever ever but the leaks and rattles all over the place won’t be missed! |
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11th Apr 2020 9:32am |
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| Welshsurferdude Member Since: 23 Feb 2012 Location: Newport Posts: 2398
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Just filled up wife's 2015 Disco 4.5 and it was £1.07 pleasantly surprised to find i filled it from nearly empty to brimmed for £69
 used to cost £90-100 before!
110 is still full of expensive diesel since before lockdown, hasnt been used much alas as no work for it.  2008 Santorini Black 110 XS USW (Sold)
2015 Discovery 4.5 Black pack Firenze red XS 2008 Corris Grey 110 XS USW (sold) 2011 Santorini Black 110 XS USW (Sold) |
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12th Apr 2020 10:28am |
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| Mini Landie Member Since: 23 Sep 2015 Location: Basingstoke Massiff Posts: 159 
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I work in the oil and gas industry and have been since 2012. I’m mostly worried about low fuel prices because that means that people in the industry may lose their jobs, and even entire businesses can go into administration. This happened 4-6 years ago when the price of a barrel of oil dropped to where we’re seeing it today. A LOT of people lost their jobs.
The companies that managed to continue operating had to significantly lower their overheads. This has somewhat stood us in good stead for what we’re experiencing now and so not so many people are finding themselves unemployed directly because of it (at least from wheat I’ve seen). Now, I know low prices is great when you’re at the pump - and even I do quite like the travel and leisure opportunities low fuel prices can bring - but there’s always that thought in the back of my mind that low prices = lost jobs Don’t get me wrong; I don’t want to see massively high prices at the pump because that can have a detrimental effect on low-income families as well as small, medium and large businesses, but there needs to be a fine balance. Not too low but also not too high. For us in the U.K., I’m happiest when it’s around £1.20ish for petrol and what - £1.24 for diesel. I know I’ll be in the vocal minority here but that’s okay. |
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13th Apr 2020 7:21am |
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